Amendment to Paragraph 6 Clause Samples
The "Amendment to Paragraph 6" clause serves to formally modify the terms or provisions originally set out in Paragraph 6 of an agreement. This amendment may involve changing deadlines, updating obligations, or clarifying responsibilities that were previously established in that section. By specifying the exact alterations, the clause ensures that all parties are aware of and agree to the revised terms, thereby maintaining the contract's relevance and accuracy and preventing future disputes over the affected provisions.
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Amendment to Paragraph 6. Paragraph 6 of the Stock Exchange Agreement, including the heading thereto, is hereby deleted and replaced entirely by the following: "[Intentionally Omitted.]"
Amendment to Paragraph 6. Paragraph 6 shall be amended by the insertion of (1) in the first line after the words “Event of Default”, the words “or a Termination Event resulting in the termination of all (but not less than all) Transactions”; and (2) in the fourth line after the words “Defaulting Party” the words “or, where relevant, the party that is not the Affected Party”.
Amendment to Paragraph 6. The following is added in subparagraph 6(e):
Amendment to Paragraph 6. 1. Clause (i)(B) of the definition of Termination Benefits in Section 6.1 is hereby amended and restated to read in its entirety as follows:
(i) (B) the highest annual incentive compensation payment paid, or determined by the Board (or the applicable committee thereof) and to be paid, to Executive by Company (pursuant to paragraph 3.2 or otherwise) in respect of any of the three years immediately prior to the date of the termination of Executive’s employment, and
Amendment to Paragraph 6. Paragraph 6.2 of the Employment Agreement is hereby amended and restated in its entirety to read as follows:
Amendment to Paragraph 6. 8 (Acquisitions and Investments). --------------------------------------------------------- Paragraph 6.8 of the Credit Agreement is hereby amended and restated to read in its entirety as follows:
Amendment to Paragraph 6. 6 (Restricted Payments). ------------------------------------------------ Notwithstanding the amendments and waivers set forth in this Amendment No. 4, and as an express condition thereto, the Companies shall not be permitted to make any Restricted Payments from and after April 30, 1998, and in furtherance thereof Paragraph 6.6 of the Credit Agreement is hereby amended and restated to read in its entirety as follows: